Link: Digital transformation in power generation and delivery

“Over the next decade, the electricity industry is predicted to unlock approximately $1.3 trillion in value through development and digitization of infrastructure, including platforms, devices, as well as cloud and advanced analytics.”

With the “greatest opportunities are predicted at the retail (8.5% EBIT improvement) and generation (6.6%) levels.”
Original source: Digital transformation in power generation and delivery

Link: The sky’s the limit

‘But China could add 13% to its GDP by 2025, relative to a baseline, if it increased women’s employment, hours and productivity as quickly as the leading countries in its region or peer group, McKinsey says. That would translate into an extra $2.6trn by 2025 (an economy the size of France). In India the relative gain could be even greater (18%), because it has far more room for improvement. McKinsey’s scenario would require 37% of Indian women to be in the workforce, up from 27% now.’
Original source: The sky’s the limit

Link: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Success: “The Good Hands Rescue Network digital platform was launched in August 2016. Since then, we have seen a revenue lift in the tens of millions that is likely to grow to the hundreds of millions.”

Business value/metrics: “After a year, we are averaging around 25,000 rescues a month… With the end-to-end digital process of the request, response and time to arrive, we are seeing an average actual time of arrival (ATA) at 27 minutes, which has reduced the wait time by almost half. This is consistent with our primary objective of reducing the amount of time a motorist is stranded.”
Original source: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Link: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Success: “The Good Hands Rescue Network digital platform was launched in August 2016. Since then, we have seen a revenue lift in the tens of millions that is likely to grow to the hundreds of millions.”

Business value/metrics: “After a year, we are averaging around 25,000 rescues a month… With the end-to-end digital process of the request, response and time to arrive, we are seeing an average actual time of arrival (ATA) at 27 minutes, which has reduced the wait time by almost half. This is consistent with our primary objective of reducing the amount of time a motorist is stranded.”
Original source: Allstate Technology Chief Develops The Uber Of Roadside Assistance

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

Link: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

“Home Depot plans to add more than 1,000 new hires to its technology teams in 2018” adding to the 2,800 it already has in “technical roles.”

Types of roles:

“The hires will span roles such as software engineering, user experience design, network engineering and product management, and be located predominately in the company’s Atlanta, Austin and Dallas technology offices, the company said.”
Original source: Home Depot is launching its biggest tech hiring spree ever to protect its lead over Amazon

Link: Gartner: IT spending to hit $3.7 trillion thanks to record 6.2% growth in 2018

“This is the highest annual growth rate that Gartner has forecast since 2007 and would be a sign of a new cycle of IT growth,” said John-David Lovelock, a research vice president at Gartner. “However, spending on IT around the world is growing at expected levels and is in line with expected global economic growth. Through 2018 and 2019, the U.S. dollar is expected to trend stronger while enduring tremendous volatility due to the uncertain political environment, the North American Free Trade Agreement renegotiation and the potential for trade wars.”
Original source: Gartner: IT spending to hit $3.7 trillion thanks to record 6.2% growth in 2018

Link: How vulture capitalists ate Toys ‘R’ Us

“Just before the buyout, the company had $2.2 billion in cash and cash-equivalents. By 2017, its stockpile had shriveled to $301 million, even as its debt burden ballooned from $2.3 billion to $5.2 billion. Meanwhile, Toys ‘R’ Us was paying $425 million to $517 million in interest every year. This enormous cash drain probably made it impossible for the company to invest or innovate even if its trio of buyers had been up to the challenge.”

Debt is its own disruption.
Original source: How vulture capitalists ate Toys ‘R’ Us

Link: Uber Spent $10.7 Billion in Nine Years. Does It Have Enough to Show for It?

“Amazon.com Inc. is famous for its losses over the years. But even in the heyday of the dot-com bubble, the e-commerce giant never came close. Amazon’s biggest loss was in 2000—a $1.4 billion embarrassment, or about $2 billion adjusted for inflation. Most years, Amazon turns a profit, albeit a small one. What Uber backers can point to, though, is a nearly unmatched pace of sales growth. Even as Uber’s revenue reached $2.3 billion in the fourth quarter of 2017, its annual growth rate remained strong, at about 90 percent compared with 2016. That’s faster than most tech companies with a similar valuation. Only one U.S. tech company of Uber’s size, Micron, grew at anything close to that last year.”
Original source: Uber Spent $10.7 Billion in Nine Years. Does It Have Enough to Show for It?

Link: Largest insurers plan biggest IT budget increases

“Thirty-six percent of those reported premium over $1 billion per year; those companies also said they planned to increase IT budgets by about 11% on average. Carriers between $500 million and $1 billion in premium plan an average increase of 5%.”
Original source: Largest insurers plan biggest IT budget increases

Link: New Relic CEO Lew Cirne – “Digital is the new front door” for business

“For its third quarter non-GAAP operating income was $2.7 million compared to an operating loss of $4.9 million for the same period last year. Revenue was $91.8 million for the third quarter, up 35% year-over-year.”
Original source: New Relic CEO Lew Cirne – “Digital is the new front door” for business